Automatic Identification Systems Are an Essential Component in ____________

question 32

Multiple Choice

Automatic identification systems are an essential component in ____________.

• A)every warehouse
• B)point-of-sale systems
• C)a logistics information system
• D)dual distribution

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Definitions:

Collection Float

The time period between when a payment is made by a customer and when the funds become available in the company's account.

Mail Float

The time gap between when a payment is sent via mail and when it is received and processed, affecting the time when the funds become available.

Processing Float

The time difference between when a check is written and when it is actually cleared and funds are deducted from the account.

Availability Float

The time gap between when a deposit is made into a bank account and when the funds become available for use.